Speaker of the House Nancy Pelosi announced at a press conference this morning that she is asking House Judiciary Chairman Jerry Nadler to proceed with articles of impeachment.
She began her statement by referencing some of the founders of the US.
She added, "In America, no one is above the law."
She then said Trump has "abused his power" as President.
"The President abused his power for his own personal political benefit at the expense of our national security," Pelosi said.
Articles of impeachment represent a key next step in the impeachment inquiry.
The Constitution explains that offenses that could prompt impeachment are treason, bribery or "other high crimes and misdemeanors."
A president is not impeached until the full House votes to approve articles of impeachment.
The House Judiciary Committee, which held its first hearings yesterday, will draft one article of impeachment for each alleged offense, and the House will vote on each article separately.
In this case, Democrats are considering multiple articles of impeachment, including charges of abuse of power, bribery and obstruction of Congress for defying subpoenas.
After her speech this morning, Speaker Pelosi met with a small group of House Democrats in the basement of the Capitol and discussed the necessity of moving forward.
She was greeted with enthusiasm and no dissent, according to attendees.
CNN was also told that the House Judiciary Democrats have been asked to stay in town this weekend to prep for a possible hearing next week.
House Speaker, Nancy Pelosi, stated that President Trump abused his power as President. (Copyright Saul Loeb/AFP/Getty Images)
Meanwhile, President Trump said that impeachment will "be used routinely to attack future Presidents" — which is not "what our Founders had in mind."
He reiterated his claim that his phone calls with Ukraine were "perfect," and added "We will win!"
White House press secretary Stephanie Grisham tweeted, “@SpeakerPelosi & the Democrats should be ashamed. @realDonaldTrump has done nothing but lead our country - resulting in a booming economy, more jobs & a stronger military, to name just a few of his major accomplishments. We look forward to a fair trial in the Senate.”
And Brad Parscale, Mr Trump's campaign manager, said impeaching Trump has long been a Democratic goal, "so they should just get on with it so we can have a fair trial in the Senate and expose The Swamp for what it is."
Here's the full statement:
Story content and images courtesy CNN